Police launch successful search operation in R A Bazaar, suburbs
Industrial sector poised for recovery with 4.4% growth target in 2024-25: Annual Plan
ISLAMABAD, Jun 12 (APP): The industrial sector is expected to bounce back in the fiscal year 2024-25, with a targeted growth rate of 4.4% driven by a predicted 3.5% growth in the large-scale manufacturing (LSM).
According to the Annual Plan 2024-25 issued on Wednesday, the industrial sector’s recovery is anticipated to be fueled by improved inputs and energy supplies, eased import restrictions, increased public spending, stable exchange rates, and lower interest rates, which will also lead to a decline in construction material prices and support the construction industry’s 5.5% growth target.
Prime Minister Muhammad Shehbaz Sharif chairs Parliamentary Party meeting of PMLN.


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ISLAMABAD: June 12 – Prime Minister Muhammad Shehbaz Sharif chairs Parliamentary Party meeting of PMLN.

ISLAMABAD: June 12 – Prime Minister Muhammad Shehbaz Sharif chairs Parliamentary Party meeting of PMLN.
Ambassador of Azerbaijan, Khazar Farhadov calls on Minister for Defence & Defence Production, Khawaja Muhammad Asif.


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Ambassador of Belarus, Andrei Metelitsa calls on Minister for Defence & Defence Production, Khawaja Muhammad Asif.


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ISLAMABAD: June 12 – Minister for Defence & Defence Production Khawaja Muhammad Asif presenting a souvenir to Ambassador of Belarus, Andrei Metelitsa.
Rs 45 bn to be saved annually by abolishing public sector vacancies: Finance Minister
ISLAMABAD, Jun 12 (APP): Minister for Finance and Revenue Senator Muhammad Aurangzeb on Wednesday said that the government was taking steps to reduce its expenditures.
Delivering the budget speech in the National Assembly, he said that besides introducing reforms in the pension scheme, there was a proposal to abolish public sector vacancies from BPS 1 to 16 which would result in Rs 45 billion annual saving.
He said that a committee had been constituted to reduce the size of government structure which would present its recommendations to the Federal Cabinet soon.
He said planning was being done for right sizing of the Federal Government.
The minister said that there was a proposal to allocate funds for every division for capacity development and technical assistance.
Prime Minister Muhammad Shehbaz Sharif signs the documents of the Federal Budget 2024-25 after its approval from the Federal Cabinet to be laid before the National Assembly.


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